20 Unit Self Storage Facility

[John Collier]

Investment Info:

Industrial commercial investment investment.

20 Unit Storage Facility with after purchase value add. Decreased vacancy by adding minor security investments, a billboard installation to create additional cash flow/income.

What made you interested in investing in this type of deal?

Motivated seller, limited moving parts, up and coming demographic.

How did you find this deal and how did you negotiate it?

Online. Self negotiation.

How did you finance this deal?

Personal cash.

How did you add value to the deal?

Adding minor security enhancements, erecting a sign and securing a billboard.

What was the outcome?

Cash flowing.

Lessons learned? Challenges?

Roll the dice.

Tenants did not have a formal lease until we purchased it.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Only a local attorney.